Amadeusz Juskowiak

New zealand cancels weekly tbill tender

The Reserve Bank said it cancelled the regular weekly treasury bill tender scheduled for March 3

It said in a statement it forecasts a net cash withdrawal from the system over the settlement week Cash flows to the government are expected to more than offset cash injections it added

The bank said it expects to conduct open market operations during the week and after these cash balances should fluctuate around 30 mln NZ Dlrs